Jammu and Kashmir Bank Limited was integrated on 1st October, 1938 and started dealings from 4th July, 1939 at in Kashmir (India). The Bank was the first in the country as a State owned bank. The bank is regulated by the Companies Act and Banking Regulation Act of India. In 1971 the bank got the status of scheduled bank and was declared as "A" Class Bank by RBI in 1976. The Bank carries out banking business of the Central Government. Bank offers world class banking facilities to the customer through availability, multi-channel Banking and cost efficiency through optimal use of electronic channels, wider market reach and opportunities for cross-selling. Bank offers Real Time Gross Settlement (RTGS) payments and collections and National Electronic Fund Transfer (NEFT) payments services.

Jammu and Kashmir Bank has more than 500 branches across the country and has recently become a billion Dollar Company. The Bank has been playing an important role in the promotion of tourism and it is in this view the Bank sets up registration offices for yatris for the Shree Amarnathji Yatra at its branches across the country. In addition to this, accidental insurance cover facility of Bajaj Allianz General Insurance Co. Ltd. to the pilgrims at a nominal premium is made available to the yatris. During the yatra, the bank establishes mobile branches even at the holy cave.